Axiom and Nupress components head for space

Adelaide’s Axiom Precision Manufacturing and Newcastle’s Nupress Group have been contracted by Lockheed Martin to produce precision machined components for the next-generation Orion spacecraft. With origins in automotive and toolmaking, the companies are capitalising on the opportunities that advanced Australian manufacturers can access by diversifying into space. The Orion spacecraft will be the primary astronaut…

Mesoblast submits application for key drug approval

Cellular medicines developer Mesoblast has resubmitted its BLA for approval of Ryoncil (remestemcel-L) in the treatment of children with SR-aGVHD. Remestemcel-L is being developed for inflammatory diseases in children and adults, including steroid-refractory acute graft versus host disease, and biologic-resistant inflammatory bowel disease. It was only in March that the Food and Drug Administration decided…

KC8 raises cash, deploys tech in cement sector

Carbon capture technology company KC8 Capture Technologies has raised $10 million to accelerate the deployment of its technology to critical and hard-to-abate industries. The funding round was led by local and global leaders in energy, construction and chemical manufacturing including Woodside Energy, Cemex Ventures (Cemex), and a major petrochemical company. Founded in 2021, KC8 technology…